Iterative Refinement

Quote from guavaman:

Based on this comment it is clear I incorrectly viewed the 11:05 and :10 bars as residing inside a large tape that started at the OB (10:05) as a result I place the Pt2 at 11:20 :( and the Pt3 at 11:55. :mad:
More...

I see nothing incorrect about this - other than your B2B developing at the incorrect spot. The big picture (including the Point Three), however, looks fine from where I sit.

- Spydertrader
 
Quote from guavaman:

The dotted red lines still make more sense to me. :confused:
More...

As they should.

Your 'dotted' red lines mirror the signals provided by the market. Now, time for you to figure out why and how one part of your brain recognized the correct answer, while another part of your brain was busy posting 'confused' icons. :D

- Spydertrader
 
Quote from Spydertrader:

Now, I understand your question.

In the afternoon, the green lines start as a Traverse, and then the traverse grows to a channel. The actual point Two of the Channel will develop on the FTT of the Dominant Traverse (blue). In the morning, the trend starts as a traverse and remains a traverse (but creates an accelerated Traverse within it).

HTH.

- Spydertrader
More...

I'm a bit confused here...shouldn't pt 1 of a new up channel start today at 10:05...pt 2 at 11:20 and pt 3 at 14:10.

I can understand why you can anticipate that a new up channel is going to begin(breakout of multiday red down channel) but doesn't the actual up channel start today?
 
Quote from romanus:

.
More...

The Blue thing isn't a Traverse. Also, quite a bit missing from your charts in terms of thorough annotations. I recommend you fix that bad habbit asap.

- Spydertrader
 
You must log in or register to reply here.
Back
Top